SBDC hosts succession planning seminars
Posted: April 12, 2006
LEWISBURG, Pa. — The Small Business Development Center (SBDC) at Bucknell University will offer a two-part workshop with Bob McCormack April 20 in the SBDC Business Education Center, located at 434 Market St., Room 207, Lewisburg.
The first workshop, "Succession Planning - Introduction," will be held from 9 a.m. to noon. Topics to be covered include the `tragedy' that befalls small businesses, transfer options, business valuation, advantages and disadvantages of selling to family, management or a third party, 10 key questions for the privately held business owner, and other topics regarding exiting a business
The second workshop, "Succession Planning - Comprehensive," will be held from 1 to 4 p.m. Advanced topics to be covered include ESOPs, family limited partnership/trusts, and staged sales.
The cost for each session is $30 and includes handouts and refreshments; lunch is included for participants who attend both seminars. Seating is limited and registration is required: call 570-577-1249, email SBDC@bucknell.edu, or online at http://www.bucknell.edu/SBDC/
President of Murphy McCormack Business Group, McCormack has more than 20 years' financial services experience. A former CEO of a regional community financial services company with experience in buying and selling businesses, he is familiar with the SBA and the USDA guaranteed loan programs, state economic development financing programs, bond issues and mezzanine financing solutions.
A graduate of Alvernia College, he holds numerous financial certifications. He serves on the boards of Junior Achievement, Ecopa, Alvernia College, Bethesda Day Treatment Centers, Willow Grove Bank, Union City IDA and the Lewisburg School Board.
The Bucknell SBDC provides free small business consulting services to residents of Juniata, Montour, Northumberland, Perry, Snyder and Union counties. To request free business consulting services, complete the online request at http://www.bucknell.edu/SBDC/
Created in 1978, the Bucknell SBDC serves as an educational research resource for small businesses. In addition to SBDC staff consultants, Bucknell faculty, staff and student interns assist small business owners with individual consultations, seminars, and pre-business workshops.
With the exception of seminars, the counseling services provided by the SBDC are free. Funding is received from the U.S. Small Business Administration, the Commonwealth of Pennsylvania and Bucknell University.
Story posted April 11, 2006
Next story >>